By Wendy Van Sickle
Columbus, Ohio, Jan. 7 – JPMorgan Chase Financial Co. LLC priced $6.3 million of 0% dual directional trigger Performance Leveraged Upside Securities due July 2, 2025 linked to the FTSE 100 index converted into U.S. dollars, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 160% of the index return.
If the index finishes at or below its initial level but at or above its trigger level, the payout will be par plus the absolute value of the index return. The trigger level is 65% of the initial index level.
If the index finishes below its trigger level, investors will be fully exposed to the index’s decline from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management is handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Dual directional trigger Performance Leveraged Upside Securities
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| Underlying index: | FTSE 100 index, converted into U.S. dollars
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| Amount: | $6.3 million
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| Maturity: | July 2, 2025
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index finishes above initial level, par plus 160% of index return; if index finishes at or below initial level but at or above trigger level, par plus absolute value of index return; if index finishes below trigger level, full exposure to decline
|
| Adjusted initial level: | 10,007.1741
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| Trigger level: | 6,504.66317, or 65% of initial level
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| Pricing date: | Dec. 27
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| Settlement date: | Jan. 2
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| Agent: | J.P. Morgan Securities LLC
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| Distribution: | Morgan Stanley Wealth Management
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| Fees: | 3.5%
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| Cusip: | 48132J686
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